Mukti Fund
- Assets
- $466.6k
- Revenue
- $26.6k
- Investments
- $461.9k
- Employees
- 0
- Location
- Winter Park, FL
- Founding
- 11/1983
- Data as of
- 12/2022
- EIN
- 38-2480731
Organization Overview
Mukti Fund is located in Winter Park, FL. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mukti Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Mukti Fund generated $26.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $27.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (28.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mukti Fund has awarded 77 individual grants totaling $949,862. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ACCOMPLISHES ITS CHARITABLE PURPOSES SOLELY THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS AND GRANTS AND DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES OR MAKE PROGRAM-RELATED INVESTMENTSVANGUARD ASSET MANAGEMENT SERVICES PREPARE THE MONTHLY ASSET VALUATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Dively Vice President | 0 | $0 | |
Martin Dupuis President/treas | 0 | $0 | |
Weston Milliken Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,591 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,033 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,000 |
| Total operating and administrative expenses | $4,400 |
| Contributions, gifts, grants paid | $23,000 |
| Total expenses and disbursements | $27,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,612 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $461,942 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $466,554 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mukti Fund has awarded $23,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CENTRAL FLORIDA PURPOSE: FURTHER EDUCATION PURPOSES | $5,000 |
CITY OF WINTER PARK PURPOSE: FURTHER EDUCATION PURPOSES | $5,000 |
SPARTANBURG COMMUNITY FOUNDATION PURPOSE: FURTHER EDUCATION PURPOSES | $1,500 |
PROTEUS FUND CONTIGO PURPOSE: FUTHER EDUCATION PURPOSES | $1,000 |
HOPE COMMUNITY CENTER PURPOSE: FURTHER EDUCATION PURPOSES | $1,500 |
EQUALITY FLORIDA INSTITUTE PURPOSE: FURTHER EDUCATION PURPOSES | $6,000 |